One of the largest cinema operators in the world has quietly opened its first branch in the UAE, at Sharjah's Oasis Mall. Mexico's Cinepolis was initially set to open at the new Meydan One Mall in Dubai this year, but had to change strategy after the project faced delays.
All 10 screens at Cinepolis Gulf, which opened this month, come with the chain's signature "luxury row" featuring leather-bound seats that can fully recline, complete with a food and drinks service. The brand's Macro XE auditoriums have screens three times the standard size, while its Junior cinemas come with interactive play areas as well as bean bags and slides through which children can enter.
"We were exploring various markets around the globe and we clearly saw the opportunity in terms of territory. There was a nascent market that was opening here, especially in Saudi Arabia," says Ashish Shukla, chief executive of Cinepolis Gulf. "The Saturation Index [number of screens per million people] in some countries in the region was very low. And we saw an opportunity."
The existence of many cinema operators in the UAE does not bother Shukla, who says "It's about creating your own niche and building a product and experience that customers will be happy about and would love to come back for."
Cinepolis operates 6,500 screens across Mexico, the US, Brazil, Spain and India.
Shukla, who set up Cinepolis in India 12 years ago, was given the task of leading the brand's Middle East operation. Along with Al Tayer Group, the brand opened its first branch in the region in Bahrain in 2013, followed by Oman. After the UAE, it will open in Saudi Arabia this year. The Meydan One Mall cinema is also still in the works.
“At the core of our philosophy is a passion for the big screen experience, which will never die,” says Shukla, “even with all the streaming services”.
"You eat at home and you eat in the restaurant. Both are real and both will continue. There are blockbuster experiences for which you will go out," he says. "You cannot be cubby-holed in your home. And the experience of a big screen is unmatchable, no matter what kind of home theatre system you have."
TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
MATCH INFO
Tottenham Hotspur 0 Everton 1 (Calvert-Lewin 55')
Man of the Match Allan (Everton)
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
'Ghostbusters: From Beyond'
Director: Jason Reitman
Starring: Paul Rudd, Carrie Coon, Finn Wolfhard, Mckenna Grace
Rating: 2/5
Defence review at a glance
• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”
• Prioritise a shift towards working with AI and autonomous systems
• Invest in the resilience of military space systems.
• Number of active reserves should be increased by 20%
• More F-35 fighter jets required in the next decade
• New “hybrid Navy” with AUKUS submarines and autonomous vessels
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EYango%20Deli%20Tech%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2022%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ERetail%20SaaS%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3ESelf%20funded%0D%3Cbr%3E%3C%2Fp%3E%0A
French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
Herc's Adventures
Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5